The Indian government announced plans to bolster the electric vehicle (EV) market as Elon Musk prepares to introduce Tesla vehicles in the country. Finance Minister Nirmala Sitharaman, unveiling the Interim Budget in the Lok Sabha, highlighted measures to enhance the EV ecosystem, including support for manufacturing and charging infrastructure. Stressing the commitment to green growth, Sitharaman revealed a forthcoming scheme for bio-manufacturing, reported IANS.
Kanishk Maheshwari, Co-Founder & MD of Primus Partners, welcomed the bio-manufacturing initiative, anticipating its positive impact on sustainable manufacturing. Despite progress in EV charging infrastructure development, India faces a disparity, with nearly nine EVs per charging station against the ideal ratio of four to one. Most public charging stations are concentrated in tier 1 cities and highways, hindering widespread EV adoption. Industry experts emphasize the need for accessible charging infrastructure nationwide to encourage long-distance EV travel.
Kanishk Maheshwari, Co-Founder & MD of Primus Partners, welcomed the bio-manufacturing initiative, anticipating its positive impact on sustainable manufacturing. Despite progress in EV charging infrastructure development, India faces a disparity, with nearly nine EVs per charging station against the ideal ratio of four to one. Most public charging stations are concentrated in tier 1 cities and highways, hindering widespread EV adoption. Industry experts emphasize the need for accessible charging infrastructure nationwide to encourage long-distance EV travel.
Hyundai Exter meets Tiger: Great India Drive 2023 | TOI Auto
India aims to establish 10,000 public charging stations by 2025 and must surpass 300,000 by 2030 to achieve a 30% EV adoption rate.
Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.